BrokerageMultifamily

Broomfield Apartment Community Sells for $106M

The Connor Group A Real Estate Investment Firm based in Ohio has purchased Terracina Apartment Homes in Broomfield, for $106M.

The Connor Group reportedly purchased the community as part of a four-property $618 million buy that also includes properties in Chicago, Raleigh, Atlanta, Dallas.

Terracina Apartements is 386-unit community developed by Catalina Development Co. and built in 2009. Amenities include a pool, clubhouse and fitness center and rent for a one-bedroom unit starts at $1,499. The property was sold from Griffis Residential.

According to managing partner Larry Connor, the company plans to complete $2.5 billion in annual transactions by 2022, with the goal of growing its presence in Denver over the next two to three years.

Read the full story here

Previous post

Transactions Report Week Ending 10.26.18

Next post

Adolfson & Peterson Takes Home Two EIC Merit Awards

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *